Business Diversification Through Business Loan
In 2016, Feston was facing challenges in running his business. He suddenly had no access to credit, as the microfinance institution he was borrowing from had been liquidated.
“I have a hawker shop that I run, and it was not easy to have stock in the shop considering the financial crisis that I was going through,” recalls Feston.
Malawi
VisionFund Malawi is a Christian owner-operated mission-driven microfinance network working with caregivers in hard to reach, impoverished locations so they can create secure futures for their children. Inspired by Christian values, we are dedicated to working with the most vulnerable families and communities regardless of religion, race, ethnicity gender, to create lasting change in their lives.
VisionFund serves low income clients living in vulnerable and rural communities by offering financial and livelihood solutions, delivered through our Network, World Vision and partners; empowering families to create income and jobs; and unlocking economic potential for communities to thrive. The products and services offered fall into five broad categories: microloans, savings programmes, microinsurance, training and education. Benefits include sustainable livelihoods, increased economic well-being, improved community well-being, decreased dependence on outside aid and restoration of hope and dignity.
Together with World Vision, we are focused on ending extreme poverty by 2030.
Client Impact Stories
Women THRIVE Farmers in Malawi
In Ireen Madzumbi's community, Thrive taught farmers new ways to farm. Ireen learned she could grow crops all year long by using water from ponds on her property.
Business Owner and Grandma to Six Orphans
Business owner, farmer, grandmother to six children, and microfinance entrepreneur, Ifgenia has had her share of struggles.
Born in the 1950’s, Ifgenia went to school and had dreams of going to college and getting a business degree. She was discouraged from this by her family, dropped out of school and married young. In 2002 she was hit by a car. After 11 months in the hospital, Ifgenia hobbled out on crutches forbidding her to be able to do any sort of strenuous physical activity ever again.
Extreme Poverty to Happy Family
Idah Yohane Kamwendo is a married woman who hails from Chipanga village T/A Mduwa, Mikundi Mchinji. She is the treasurer of Chamwabvi group which has nine members. She has four daughters and one son.